How to Set Up a College Trust Fund

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How to Set Up a College Trust Fund – This is a place for the community to provide tips and advice on How to Set Up a College Trust Fund. This topic was created by Henning Kather and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Leaving Money for College: Education Trusts

Published: 9 years, 5 month(s) ago | Submitted by Sidney Forestier | permalink

The cost of raising a child is at an all-time high of $222,360. And a good chunk of that—16%—is education costs. One way to cover ever-growing education costs is by setting up an education trust. An education trust can pay for school and help avoid estate taxes—we tell you how.
Tags: Leaving Money for College: Education Trusts,legalzoom,Taxes,Estate Taxes,Planning Your Estate,Estate Planning Basics,Money Matters,Personal Finance

For further reading: https://www.legalzoom.com/articles/leaving-money-for-college-education-trusts ^[1]

Tip 2 - Should I establish a trust for my child's college education fund?

Published: 9 years, 5 month(s) ago | Submitted by Tony Batkin | permalink

For further reading: http://www.360financialliteracy.org/Topics/Paying-for-Education/Saving-for-College/Should-I-establish-a-trust-for-my-child-s-college-education-fund ^[2]

Tip 3 - Grandparents Want to Help Fund the College Education of Their Grandchildren

Published: 9 years, 5 month(s) ago | Submitted by magnuzdk | permalink

Surveys show that many grandparents want to help fund the college education of their grandchildren, particularly if they already have enough money to ensure a comfortable retirement income. Grandparents in this position should investigate college savings options just as parents do, but often with different objectives in mind.

For further reading: http://www.savingforcollege.com/tutorial101/special_considerations_for_grandparents.php ^[3]

Tip 4 - How To Set Up A Trust Fund If You're Not Rich

Published: 9 years, 5 month(s) ago | Submitted by Petri Kultaranta | permalink

You don't need to be worth millions to create your own trust fund. Learn how your money can be handled in the event of your death.
Tags: what is a trust fund,trust fund,trust,will and trust,will trust,financial trust,trust will,family trust,trusts,irrevocable trust,a trust,estate planning,life stage - retirement,education savings

For further reading: http://www.investopedia.com/articles/pf/12/set-up-a-trust-fund.asp ^[4]

Tip 5 - How Do I Set Up a College Trust Fund?

Published: 9 years, 5 month(s) ago | Submitted by randyshaver | permalink

Sending your kids to college is expensive, and it's going to be more expensive by the time your kids are old enough to go. One way to prepare for that expense is to start putting money away for them ...

For further reading: http://budgeting.thenest.com/set-up-college-trust-fund-4392.html ^[5]

Tip 6 - How to Set Up a College Trust Fund

Published: 9 years, 5 month(s) ago | Submitted by Dunichand Thakur | permalink

If you are financially stable, setting up a college trust fund for your child can be a stress-free endeavor. However, there are many different types of trust funds to choose from. You will need to ...

For further reading: http://finance.zacks.com/set-up-college-trust-fund-7326.html ^[6]